Mumbai: Non-banking financial companies (NBFCs) and housing finance companies (HFCs) have together raised ₹2.36 trillion between October 2018 and September 2019 through sell down of their loans, rating agency Icra said on Monday. The domestic securitisation market, Icra said, is expected to remain robust and FY20 is expected to be another good year in terms of issuance volumes. In addition, the partial credit guarantee scheme (PCG) of the government will also add bulk to the overall market volumes, said Dafria. This reduction, it said, can be majorly attributed to a change in the investor base in PTC transactions. “Private banks were the major investor category for PTC transactions and their need for acquiring PSL assets drove their appetite.

Source: Mint October 21, 2019 09:00 UTC